ideaForge Technology IPO vs Utkarsh Small Finance Bank IPO

Comparision between ideaForge Technology IPO and Utkarsh Small Finance Bank IPO.

IPO Details

ideaForge Technology IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Utkarsh Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Iifl Securities Ltd	ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ideaForge Technology IPO is up to ₹567.29 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹638.00 per share	₹23.00 per share
Issue Price (Upper)	₹672.00 per share	₹25.00 per share
Issue Price (Final)	₹672.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	600 shares
Fresh Issue Size	35,72,052 shares	20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹500.00 Cr
OFS Issue Size	48,69,712 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr
Issue Size Total	84,41,764 shares	20,00,00,000 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹500.00 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of ideaForge Technology IPO and Utkarsh Small Finance Bank IPO is Jun 30, 2023, and Jul 14, 2023, respectively.

	ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Jun 23, 2023	Jul 11, 2023
Issue Open	Jun 26, 2023	Jul 12, 2023
Issue Close	Jun 30, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jul 20, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jul 21, 2023
Listing date (Tentative)	Jul 07, 2023	Jul 21, 2023
Anchor Lockin End date 1	Aug 04, 2023	Aug 18, 2023
Anchor Lockin End date 2	Oct 03, 2023	Oct 17, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

ideaForge Technology IPO

Utkarsh Small Finance Bank IPO

Financial

ideaForge Technology Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	79.79	16.32	-13.45	68.12	68.05	5.30
31-Mar-21	123.74	36.34	-14.63	59.63	59.63	50.57
31-Mar-22	222.33	161.45	44.01	163.30	110.28	5.68
31-Mar-23	487.93	196.40	31.99	324.72		86.50
Amount in ₹ Crore

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

84.75%

Promoter Shareholding (Post-Issue)

30.19%

69.28%

P/E Ratio

87.5

6.78

Market Cap

₹2800.20 Cr.

₹2739.76 Cr.

ROE

13.11%%

22.64%%

ROCE

12.51%%

Debt/Equity

0.27

8.03

EPS

₹8.12

₹4.52

RoNW

9.85%%

20.22%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration		8,91,00,000 shares
Market Maker Reserveration
QIB	25,28,596 shares	5,94,00,000 shares
NII	12,64,297 shares	2,97,00,000 shares
RII	8,42,865 shares	1,98,00,000 shares
Employee	13,112 shares	20,00,000 shares
Others
Total	46,48,870 shares	11,09,00,000 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
QIB (times)	125.81x	135.71x
NII (times)	80.58x	88.74x
Big NII (times)	81.99x	91.83x
Small NII (times)	77.77x	82.57x
RII (times)	85.20x	78.38x
Employee (times)	96.65x	18.02x
Other (times)
Total (times)	106.06x	110.77x

Compare with others

ideaForge Technology IPO	Utkarsh Small Finance Bank IPO
Yatharth Hospital IPO	TVS Supply Chain Solutions IPO
Netweb Technologies India IPO	Concord Biotech IPO
Utkarsh Small Finance Bank IPO	SBFC Finance IPO
Senco Gold IPO	Yatharth Hospital IPO
Cyient DLM IPO	Netweb Technologies India IPO
HMA Agro Industries IPO	Senco Gold IPO
IKIO Lighting IPO	Cyient DLM IPO
Tata Technologies IPO	ideaForge Technology IPO
Nexus Select Trust REIT	HMA Agro Industries IPO
Mankind Pharma IPO	IKIO Lighting IPO

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